AXT, Inc. Projects Q4 Non-GAAP EPS of $0.57-$0.59 Amid Growing Backlog
AXT, Inc. (AXTI) has signaled a positive shift in its business trajectory, projecting non-GAAP earnings per share (EPS) between $0.57 and $0.59 for the fourth quarter. This guidance comes as the company reports a significant milestone with its backlog surpassing $500 million. Management indicates that these results represent the early stages of a multiyear growth phase. The increasing backlog suggests strong demand for the company's products, positioning AXT to capitalize on an upcoming inflection point in its financial performance.
Tickers: $AXTI